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AES v Steadfast: Insurance doesn't cover climate change (US)
The Supreme Court of Virginia has ruled in AES v Steadfast that Steadfast Insurance does not have a duty to defend AES Corp, a defendant in the high profile climate change case of Kivalina v Exxon Mobil.
Justice Goodwyn ruled that the policies only require Steadfast to defend AES against claims caused by an occurrence or accident and that whether or not AES' activities amount to negligence "the natural and probably (sic) consequence of that intentional act is not an accident under Virginia law."
NY Times article: Va. Court Rules That Insurance Doesn't Cover Global Warming Claims
